With the 10th anniversary of the iTunes Music Store coming up this Sunday, Apple on Tuesday reported its digital storefront, which now includes music, video, apps, and e-books, hit record-breaking revenues of over $4.1 billion for the second quarter of 2013.

The nearly year and a half-long ebook antitrust investigation involving Apple and a handful of large publishers appears near an end, as Pearson's Penguin unit has offered to the European Commission to end the deals it made with Apple over ebook prices.

Hours after media outlets caught wind of a potential search issue relating to direct iTunes App Store links, Google has issued a statement saying the problem has to do with fetching pages from iTunes' web servers.

Reports on Tuesday point to a possible "de-ranking" of direct iTunes App Store links in Google's search results, with some titles not showing up for six or more pages unless the word "iTunes" is entered in the text box.

A U.S. district court judge on Saturday issued a ruling against the resale of songs purchased through digital outlets like Apple's iTunes, finding that the unauthorized transfer of digital music is illegal under the Copyright Act.

Tensions between Apple and China's government appeared to mount on Friday, with news emerging of a state-owned film production company having filed suit against the iPhone maker, seeking just over half a million dollars in damages.

Just a day after Apple tightened account security by introducing two-step verification, yet another vulnerability has been exposed, one that could allow for malicious users to reset the Apple ID and iCloud passwords of others using only an email address and date of birth.

Once a break-even business used to drive sales of Apple's high-margin hardware, the iTunes Store is now estimated to be raking in more than $2 billion per year, due largely to the inclusion of its in-house software development teams.

Apple's iTunes Music Store is already known to be one of the top contributors to the music industry's bottom line, but a new analysis pegs Apple is bolstering the digital music download market to the tune of about $3.4 billion, or 60 percent of digital revenues.

Once ravaged by free file-sharing, the global music industry appears to be on the comeback, as digital download services such as Apple's iTunes boosted music revenues to $16.5 billion in 2012, the first year of industry growth since 1999.